New Zealand Gazette – 1967 – No. 38

Page 1059

✨ National Development Securities Account



16 JUNE THE NEW ZEALAND GAZETTE 1059

ACCOUNT

YEAR ENDED 31 MARCH 1966 PAYMENTS YEAR ENDED 31 MARCH 1967
£ £
58,037,077 Securities converted .. .. .. .. .. .. .. 128,615,460
267,284 Charges and expenses of converting securities .. .. .. .. .. 417,733
58,304,361 129,033,193
55,381,964 Securities redeemed .. .. .. .. .. .. .. ..
36,984,633
398,713 Charges and expenses of issuing securities for purpose of redeeming loans .. .. ..
222,018
4,789,006 Excess of receipts over payments .. .. .. .. .. .. .. ..
11,356,630
£118,874,044 £177,596,474
2,859,812 Balances at end of year— 8,478,943
9,179,549 Cash .. .. .. .. .. .. .. .. .. .. .. .. .. 14,917,048
12,039,361 Investments .. .. .. .. .. .. .. .. .. .. .. 23,395,991
£12,039,361 Total .. .. .. .. .. .. .. .. .. .. .. ..
£23,395,991

LOANS ACCOUNT

£ £
21,500,000 Contributions to Works and Trading Account— 33,500,000
6,500,000 Electric Supply .. .. .. .. .. .. .. .. .. 8,000,000
18,500,000 Land Settlement .. .. .. .. .. .. .. .. .. 21,000,000
300,000 Public Works .. .. .. .. .. .. .. .. .. .. 400,000
2,238,347 State Coal Mines .. .. .. .. .. .. .. .. .. 3,190,699
Working Railways .. .. .. .. .. .. .. .. ..
49,038,347 66,090,699
429,665 Acquisition of shares in Air New Zealand Ltd. .. .. .. .. .. ..
600,000
590,890 Advances to New Zealand Steel Ltd. .. .. .. .. .. ..
606,709
4,600,000 Advances to Post Office .. .. .. .. .. .. .. ..
4,900,000
23,000,000 Advances to State Advances Corporation .. .. .. .. .. ..
23,400,000
528,800 Advances to Tourist Hotel Corporation .. .. .. .. .. ..
571,132
.. Calls on shares in New Zealand Steel Ltd. .. .. .. .. .. ..
743,625
12,500 Calls on shares in New Zealand Steel Investigating Co. Ltd. .. .. .. ..
..
2,000 Encashment of securities in favour of IMF .. .. .. .. .. ..
..
110,264 Loans to local authorities (IBRD Harbour projects)— 150,250
96,228 Auckland Harbour Board .. .. .. .. .. .. .. ..
10,057 Lyttelton Harbour Board .. .. .. .. .. .. .. 39,165
80,133 Napier Harbour Board .. .. .. .. .. .. .. ..
89,257 Timaru Harbour Board .. .. .. .. .. .. .. ..
Whangarei Harbour Board .. .. .. .. .. .. .. ..
385,939 189,415
2,877,109 Further subscription to IMF .. .. .. .. .. .. .. ..
8,630,000 Further security in favour of IMF .. .. .. .. .. .. .. ..
11,507,109
.. Currency subscription to Asian Development Bank .. .. .. .. .. ..
405,624
.. Security in favour of Asian Development Bank .. .. .. .. .. ..
405,624
1,094,176 Charges and expenses of raising loans—
New issues .. .. .. .. .. .. .. .. .. .. .. ..
969,484
984,900 Advance subscriptions from previous year allocated .. .. .. .. .. ..
..
£92,174,326 £98,882,312
5,080,613 Excess of payments over receipts .. .. .. .. .. .. .. ..
879,915
2,438,883 Balances at end of year— 600,154
13,119,513 Cash .. .. .. .. .. .. .. .. .. .. .. .. .. 14,078,327
15,558,396 Investments .. .. .. .. .. .. .. .. .. .. .. 14,678,481
£20,639,009 Total .. .. .. .. .. .. .. .. .. .. .. ..
£15,558,396


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💰 National Development Securities Account

💰 Finance & Revenue
National Development, Securities, Account, Financial Year